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Brent Boyd: The NFL’s New Math

Nov 5, 2010

I was reading a Wall Street Journal article that circulated a couple of weeks ago and really had to take some time to digest it all.

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NFL Braces for a Costly Labor Fight

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As Sponsors Get Jittery, League Says it May Lose $1 Billion Even If Next Season Is Saved

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By MATTHEW FUTTERMAN

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CHICAGO—Even as the NFL romps through a season of record television ratings, the owners, and some of the league’s key sponsors and corporate partners, are bracing for what could be an expensive and debilitating player lockout next spring.

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In a private meeting Tuesday at the league’s annual fall owners’ meeting, NFL officials presented a sobering financial forecast. According to two senior league officials who have seen the report, it stated that the lack of progress on a new contract with the players union had already begun to create financial losses—and that even if a deal were reached late next summer that allowed the league to play the entire season, total losses could reach $1 billion.

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EA Sports, a top merchandising licensee, has already requested a $30 million reduction in its scheduled payments because of the labor uncertainty, according to people with knowledge of the discussions. An EA Sports spokesman confirmed that talks with the league are ongoing.

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If there’s no deal in place by March 1, the NFL report said the league could expect to lose $125 million as existing corporate partners demanded discounts on sponsorship deals and others decided not to sponsor late-season events like the Pro Bowl.

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To read the rest of this WSJ article – click HERE.

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The biggest joke was the “red ink” comment  NFL LOSES $400 MILLION in March just because fans might buy their season tickets in May instead of March next year  — how is THAT a loss of any kind? It’s just a change in the date of the transactions. The  money will be coming in but they’re still writing off $400 million?!!

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$125 million lost in corporate deals? When the lights are finally turned on, the corporate deals will be caught in the headlights for all to see and the NFL will rob at gunpoint any corporations who want to continue into the next decade as a partner. This is just like the media who used to be compassionate and fair in their coverage of NFL retirees. Now – once again – reporters and editors are backing away because they were threatened basically with the loss of their jobs (the NFL beat is one of the highest-paying and prestigious at any media outlet).

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Stadium debt? A math wiz will most likely correct me but at first glance, stadiums paid for 100% by NFL all supposedly without taxpayers’ money – have now grown into a $ Billion debt? Now stay with me here — we used to live in San Diego where taxpayers paid for upgrades TWICE to QualComm Stadium so it was finally up tho their standards to hold those two Super Bowls. HUGE cost overruns, etc. plus the City Council – in order to keep the Chargers in San Diego and not move to LA – HAD TO GUARANTEE A SELLOUT EVERY WEEK. This was during the Ryan Leaf era when the Chargers won 2 – 4 games a year. To avoid TV blackouts while paying the NFL for something they did nothing TO EARN, San Diego taxpayers ended up buying every single unsold ticket! Remember: This was the low point of San Diego football; and they rarely sold out half the stadium. But as a taxpayer, I basically helped pay the NFL.

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Mr. Grubman said debt on stadiums that the league itself is responsible for — as opposed to individual teams — has increased 20 times the past decade, to about $1 billion.” Isn’t that the greatest news for cities stupid enough to have bought a stadium for the NFL? So how about adding a refund of all that ticket money as well when you pay each municipality their $ Billion back?

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And now the NFL is talking of a couple of regular season games a year in Europe! What’s that entail? Each game, they’d have to fly in 2 teams, all their staff, TV crews –  500+ people? Would you make those kinds of plans if you’re really in such dire straits as the NFL stated to that naive Wall Street Journal reporter? And would you do it if it lost money?

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My wife and I certainly can’t even begin to dream of going to Europe, especially after being screwed by that corrupt Disability Board (concussions COULD NOT possibly cause headaches!).

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Brent Boyd

Minnesota Vikings

1980 – 1986

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2 Responses so far | Have Your Say!

  1. Ange Coniglio
    November 5th, 2010 at 5:39 pm #

    Ange Coniglio
    “This is just like the media who used to be compassionate and fair in their coverage of NFL retirees. Now – once again – reporters and editors are backing away because they were threatened basically with the loss of their jobs (the NFL beat is one of the highest-paying and prestigious at any media outlet).”

    This is why Congress should continually be urged to keep oversight of the NFL. Only the bravest or most foolish beat reporter, play-by-play man, commentator or announcer will ever criticize the NFL, which has more power than many small nations!

    Ange Coniglio
    Lifelong Fan
    Remember the AFL

  2. Tweets that mention Brent Boyd: The NFL’s New Math - Dave Pear's Blog -- Topsy.com
    November 6th, 2010 at 10:46 am #

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